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Cummins CMI Q2 2026 earnings

Reported August 4, 2026 · Before market open

Revenue$9.5BBeat by $126.7M
EPS$6.73Miss by $0.48
Revenue estimate$9.3B
EPS estimate$7.21
“Cummins delivered record second-quarter results, reflecting robust customer orders for standby power for data centers and improving North American truck markets. Rising demand and disciplined execution drove record performance as we continue to perform well in a complex macroeconomic environment. We are raising our expectations for full year performance and expect the second half of the year to be stronger than the first half. With greater regulatory clarity in on-highway markets in the U.S. and continued momentum across key markets, we are well positioned to deliver for our customers and generate profitable growth.”
Jennifer Rumsey

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Nov 5, 2026 (in a month)
Revenue estimate$9.8B
EPS estimate$8.21

Financials

Q2 2026

Income statement

See full
Revenue$9.5B+9.4%
Gross profit$2.5B+8.1%
Operating income$1.3B+4.3%
Net income$932.0M+0.4%
EPS (diluted)$6.73+4.7%

Balance sheet

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Cash & equivalents$3.2B+37.1%
Total debt$7.2B-15.0%
Total equity$12.8B+9.0%
Total assets$35.6B+4.0%

Cash flow

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Operating cash flow$1.5B+91.0%
CapEx$249.0M+7.8%
Free cash flow$1.3B+126%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$71.17B+19.4%
Enterprise value$75.19B+15.7%
P/E25.5×+4.1×
P/S2.1×+0.3×

Profitability

See full
Gross margin25.3%-0.3pp
Operating margin11.2%-1.1pp
Net margin8%-1.1pp
FCF margin9.7%+4.8pp

Returns & leverage

See full
Return on equity22.7%-6.1pp
Debt / equity0.6×-0.2×
Current ratio1.7×+0.1×

FAQ

When did Cummins report Q2 2026 earnings?
Cummins (CMI) reported Q2 2026 earnings on August 4, 2026 before market open.
What were Cummins's Q2 2026 revenue and EPS?
Cummins reported revenue of $9.5B and eps of $6.73 for Q2 2026.
Did Cummins beat estimates in Q2 2026?
Revenue beat the consensus estimate of $9.3B by $126.7M. EPS missed the consensus estimate of $7.21 by $0.48.
How did Cummins's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.4% from $8.6B a year earlier and eps grew 4.7% from $6.43.
Where can I find Cummins's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000026172-26-000026) and the 10-Q periodic report (0000026172-26-000029) directly on SEC EDGAR. The filing index links above go to sec.gov.